Tag Archives: Fab Index

First Actuarial – “scaremongering on solvency is driving people to cash-out their DB pensions.”

Posted on July 28, 2017 by henry tapper

  In a week when we learned pension freedom withdrawals hit a record £1.9bn, First Actuarial warns advisers’ exaggerated concerns about the ongoing viability of defined benefit (DB) schemes is contributing to the recent surge in people cashing out. A … Continue reading →

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FAB Index provides voice of reason

Posted on May 18, 2017 by henry tapper

  FAB Index provides voice of reason amid wild speculation on future life expectancy First Actuarial’s Best estimate (FAB) Index remained relatively stable in April, showing a month-end surplus of £287bn across the 6,000 UK defined benefit schemes. The FAB … Continue reading →

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The £1 Trillion Gain From Dumping Pension Convention

Posted on May 9, 2017 by henry tapper

You wait ages for one to come along then two come along at once. Not buses, but reports disrupting established thinking on how we value pension liabilities. Nikesh Patel, Head of Investment Strategy UK & Maya Beyhan, Investment Strategist at Kempen Capital … Continue reading →

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FAB index continues to climb (and has some good news for Tata Steel!) #FABI

Posted on April 24, 2017 by henry tapper

First Actuarial’s Best estimate (FAB) Index improved again in March showing a surplus of £294bn across the 6,000 UK defined benefit schemes. This continues to buck the trend with the PPF 7800 index falling for the third month in a … Continue reading →

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FAB index up despite fall in gilt yields!

Posted on March 20, 2017 by henry tapper

  In contrast to the PPF 7800 index and other commentators’ indices, First Actuarial’s Best estimate (FAB) Index improved in February to a surplus of £288bn across the 6,000 UK defined benefit schemes. This was despite a sharp fall in … Continue reading →

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Narrowing the range of thought…

Posted on February 11, 2017 by henry tapper

I get back from a few days in the North East to this headline in Corporate Adviser First Actuarial versus the world: DB’s glass half full or half empty? (you can read the article on the link at the bottom) … Continue reading →

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FABI – taking the crisis out of pensions!

Posted on January 4, 2017 by henry tapper

It is now three months since we launched our First Actuarial Best estimate Index (or FAB Index for short). It has generated a significant amount of interest amongst our clients and across the wider pensions industry – and has even … Continue reading →

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The Alice in Wonderland world of pension deficits.

Posted on January 4, 2017 by henry tapper

FTSE grows, deficits up? The first business day of the month is pension horror month where JLT announce new angles on the disastrous state of our Defined Benefit schemes. Deficits actually fell last month but JLT still managed to report … Continue reading →

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Shift to bonds chokes health of UK pension funds!

Posted on December 15, 2016 by henry tapper

One of the best things about working for First Actuarial is our resolute refusal to see the world any way but our way! As common sense (pragmatism) is what guides us, we are happy to have the courage of our … Continue reading →

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The value of your pension and the value of your house (Professor Mike Otsuka)

Posted on November 5, 2016 by henry tapper

Professor  Mike Otsuka, teaches at the  LSE , he’s written about First Actuarial’s approach to valuing pensions in this blog, the original of which you can find here. People understand houses and know that it’s only when you come to … Continue reading →

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